Investors may find it time to adjust portfolios as they focus on Fed speakers, economic reports, and the rising U.S. dollar in the week ahead.» Read More
Sept 22- FMSA Holdings Inc, owned by private equity firm American Securities LLC, said it expected its initial public offering to be priced at $21- $24 per share, raising up to $1.07 billion. American Securities, through its affiliate ASP FML Holdings LLC, is selling all the 44.5 million shares in the offering.
LONDON, Sept 22- Sterling rose on Monday, inching back towards recent two-year highs against the euro and moving higher against the dollar as investors focused on Britain's economic fundamentals and interest rate expectations after Scotland's independence vote.
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
Bank of America Corp. fell$. 09 or. 5 percent, to $16.95. Citigroup Inc. fell$. 18 or. 3 percent, to $53.48. Goldman Sachs fell $1.69 or. 9 percent, to $186.20.
Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years, based on tips about a dozen transactions being negotiated by a prestigious New York law firm. The defendant also agreed to forfeit more than $1 million, the contents of two brokerage accounts, and a 2008 Audi Q7.
BRASILIA/ SAO PAULO, Sept 19- Brazil's financial markets have rallied on the prospect of environmentalist Marina Silva unseating President Dilma Rousseff in next month's election, but political donations show plenty of companies may be wary of a new administration.
Bank of America Corp. fell$. 12 or. 7 percent, to $16.93. Citigroup Inc. fell$. 29 or. 5 percent, to $53.37. Goldman Sachs fell $1.56 or. 8 percent, to $186.33.
Bank of America Corp. rose$. 03 or. 2 percent, to $17.07. Citigroup Inc. fell$. 06 or. 1 percent, to $53.60. Goldman Sachs fell$. 48 or. 3 percent, to $187.41.
LONDON, Sept 19- Sterling's gains to a two-year peak against the euro and a two-week high versus the dollar on Friday after Scottish voters rejected independence ran out of steam as investors focused on the UK economy and new constitutional problems for Britain. These could add some uncertainty to UK growth prospects and tie sterling down in the near term.
LONDON, Sept 19- Sterling climbed to a two-year peak against the euro and a two-week high against the dollar on Friday after Scottish voters rejected independence, averting a break-up of the United Kingdom and prolonged uncertainty.
Bank of America Corp. rose$. 27 or 1.6 percent, to $17.04. Citigroup Inc. rose $1.27 or 2.4 percent, to $53.66. Goldman Sachs rose $3.07 or 1.7 percent, to $187.89.
Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Bank of America Corp. rose$. 35 or 2.1 percent, to $17.12. Morgan Stanley rose$. 61 or 1.7 percent, to $36.17. US Bank rose$. 35 or. 8 percent, to $43.04.
LONDON, Sept 18- The Swiss franc and Norwegian crowns both gained after central bank meetings on Thursday, their moves a reflection of the greater volatility and activity that has begun to return to currency markets after a slack year.
Bank of America Corp. rose$. 06 or. 4 percent, to $16.77. JPMorgan Chase rose$. 32 or. 5 percent, to $60.31. US Bank rose$. 32 or. 8 percent, to $42.69.
Alibaba's long-awaited IPO is finally around the corner, making this a good time to take a look at just how an IPO works.
Citigroup Inc. rose$. 10 or. 2 percent, to $52.46. Goldman Sachs rose$. 33 or. 2 percent, to $184.37. JPMorgan Chase rose$. 04 or. 1 percent, to $60.03.
Bank of America Corp. rose$. 08 or. 5 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.51. Goldman Sachs rose$. 45 or. 2 percent, to $184.49.